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Automotive News & Views Dude, where did all the dealerships go?
656 messages, Last post on Dec 03, 2009 at 7:01 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: steve_ (Oct 20, 2009 8:57 am) This is also true of the lawyers who work on a percentage and real estate agents. Then there are the meek, fearful, non risk takers who haven't the courage to operate their own business that often employ many others. They know what they haven't done to be envious of commission income producers.
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Replying to: euphonium (Oct 20, 2009 1:03 pm) The car dealer lobby is strong, but not only are they fighting public opinion, I think the bankruptcy court trumps 'em. |
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Published: 11/8/09, 8:05 PM EDT ALBUQUERQUE, N.M. (AP) - A former Albuquerque auto dealer, faced with an ailing economy and difficulty getting credit for his dealership, says he turned to gambling last year in a bid to salvage the business. Ken Zangara racked up a $250,000 gambling loss just months before he closed his dealership in February. He says he was trying to win enough money to save the business. Zangara and his wife filed for a Chapter 7 bankruptcy Oct. 20. Zangara Dodge closed its doors Feb. 17, citing the economic crisis and loss of its primary lending source. At the time, Zangara Dodge was under investigation by the state attorney general's office for numerous consumer complaints over alleged illegal business practices. Zangara has been recognized for his support of local charities and was involved in politics.
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Replying to: lemko (Nov 08, 2009 5:47 pm) A sign of the times: a former dealership literally a short walk from my home where I bought my current vehicle closed over a year ago. It occupied 2 blocks of space, and contains three buildings. Not too long ago, someone decided that a showroom glass panel and a doorway didn't look correct intact on one of the vacant buildings, so the items were smashed. Apparently the real estate interest that is trying to lease or sell the buildings boarded up the damage. The longer the buildings sit unoccupied, the more I worry about the type of element the vacant buildings will draw. One of the other buildings will re-open as a new store for a nationally-known dollar merchandise chain. Hopefully, the money generated there will assist in the upkeep of the other two buildings at the site. |
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"A report in Automotive News says Koenigsegg has decided to reduce its U.S. dealer count from 218 to 137." That's not a lot left. New Saab Owners Slash 81 U.S. Dealers (Straightline) 
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Replying to: steve_ (Nov 14, 2009 2:17 pm) |
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"General Motors last week began sending out 1.8 million pieces of direct mail to what the automaker calls its "free-agent customers". In addition to eliminating four brands, GM is slashing about a quarter of its dealers. To customers of closed dealers in the family, GM, in its November 16 mailing, is offering discounts up to $2,000 to 950,000 customers of the closed dealerships. Automotive News reports some dealers who are fighting their closure by GM aren't happy about the incentives being offered to their customers to shop elswhere. "This is an inappropriate time to take such an aggressive measure," Tamara Darvish, a leader of the Committee to Restore Dealer Rights, a group of rejected dealers that is in talks with GM to keep dealerships open, told the publication. "If in fact dealer rights are to be restored, why would GM go in and move all those customers?" GM Orphans Up for Adoption (AutoObserver) |
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To lobby Congress.... "General Motors said Thursday it will reconsider its decision to close some dealerships as part of a compromise to stave off federal legislation that would require it to keep dealerships open." GM agrees to reconsider dealership closings (MSNBC)
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Replying to: steve_ (Dec 03, 2009 12:51 pm) http://www.autonews.com/apps/pbcs.dll/article?AID=/20091203/RETAIL/912039993/107- 8 Both the National Automobile Dealers Association and a group of rejected dealers said the automakers' proposals were inadequate. “Under their plans, a dealer would have had a better chance at winning the Powerball lottery than getting back in business,” said Tamara Darvish, one of three heads of the Committee to Restore Dealer Rights. The next wave will be when Mitsubishi gives up in the U.S., although I suppose there are very few if any stand-alone Mitsubishi dealers. |
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